California State Teachers Retirement System Purchases 11,485 Shares of Primoris Services Corporation $PRIM

California State Teachers Retirement System lifted its stake in Primoris Services Corporation (NYSE:PRIM) by 22.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,780 shares of the company’s stock after purchasing an additional 11,485 shares during the period. California State Teachers Retirement System’s holdings in Primoris Services were worth $8,980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRIM. Harbour Investments Inc. acquired a new position in Primoris Services in the 4th quarter valued at about $33,000. Root Financial Partners LLC grew its position in shares of Primoris Services by 43.1% during the first quarter. Root Financial Partners LLC now owns 229 shares of the company’s stock worth $33,000 after buying an additional 69 shares in the last quarter. Osterweis Capital Management Inc. acquired a new stake in Primoris Services in the second quarter valued at approximately $34,000. Cullen Frost Bankers Inc. raised its holdings in shares of Primoris Services by 30.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 350 shares of the company’s stock valued at $43,000 after purchasing an additional 81 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in Primoris Services by 34.5% in the first quarter. NewEdge Advisors LLC now owns 757 shares of the company’s stock valued at $43,000 after buying an additional 194 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Primoris Services Stock Performance

Shares of PRIM opened at $90.90 on Wednesday. Primoris Services Corporation has a 1 year low of $65.00 and a 1 year high of $205.50. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 20.02 and a beta of 1.43. The firm has a fifty day moving average of $97.56 and a 200-day moving average of $129.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.28.

Primoris Services (NYSE:PRIM) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.08. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. Primoris Services had a return on equity of 16.48% and a net margin of 3.31%.The firm’s quarterly revenue was down 10.7% on a year-over-year basis. During the same period last year, the company posted $1.68 EPS. As a group, equities analysts anticipate that Primoris Services Corporation will post 1.87 earnings per share for the current year.

Primoris Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, September 30th. Primoris Services’s dividend payout ratio (DPR) is presently 7.05%.

Insiders Place Their Bets

In related news, Director David Lee King sold 20,000 shares of Primoris Services stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $119.09, for a total value of $2,381,800.00. Following the transaction, the director directly owned 14,941 shares in the company, valued at $1,779,323.69. The trade was a 57.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John M. Perisich sold 29,707 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $127.86, for a total value of $3,798,337.02. Following the sale, the insider directly owned 27,574 shares in the company, valued at $3,525,611.64. This trade represents a 51.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PRIM. Wells Fargo & Company dropped their price objective on Primoris Services from $118.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 23rd. Oppenheimer assumed coverage on Primoris Services in a research note on Tuesday, July 7th. They set an “outperform” rating and a $135.00 price target for the company. Cantor Fitzgerald decreased their price target on Primoris Services from $124.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday, June 25th. Guggenheim reissued a “buy” rating and issued a $162.00 price objective on shares of Primoris Services in a research note on Tuesday, June 23rd. Finally, Roth Capital reissued a “buy” rating and set a $100.00 price target on shares of Primoris Services in a report on Monday, July 20th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.47.

Trending Headlines about Primoris Services

Here are the key news stories impacting Primoris Services this week:

• Positive Sentiment: Primoris reported a record $13.9 billion backlog as of June 30, including $8.2 billion of master service agreement backlog. Management maintained its 2026 earnings outlook of $1.30–$1.85 per diluted share, while the quarterly loss per share was narrower than analysts expected. The company also declared its regular $0.08-per-share dividend. Primoris Reports Second-Quarter Results
• Neutral Sentiment: Analysts continued to characterize Primoris as a “Moderate Buy,” although the available report provides no major change to ratings or price targets. Primoris Receives Moderate Buy Recommendation
• Negative Sentiment: Second-quarter results showed significant deterioration: revenue fell 10.7% year over year to $1.688 billion, and Primoris posted a reported net loss of roughly $24 million, compared with a profit in the prior-year quarter. Energy revenue declined 19.2%, and the company cited margin pressure from renewable-energy projects. These results reinforce concerns about execution and profitability despite the large backlog. Primoris Earnings Results
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action covering investors who purchased PRIM shares from August 5, 2025, through June 22, 2026. The allegations claim Primoris and certain executives made misleading statements about cost forecasting, project controls, project-management capabilities, and risks associated with fixed-price renewable projects. The allegations have not been proven, but the litigation adds legal, reputational, and potential financial risks. Investors have until September 21, 2026, to seek lead-plaintiff status. Primoris Securities-Fraud Lawsuit Notice

Primoris Services Company Profile

Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation.